Old Dominion Exceeds Expectations in Q4
Old Dominion Freight Line surpassed earnings expectations for Q4 2024 amid ongoing revenue challenges and market pressures.
Old Dominion Freight Line (NASDAQ:ODFL), a leading less-than-truckload (LTL) carrier, reported Q4 2024 earnings on Wednesday, Feb. 5, that topped Wall Street's consensus estimates. EPS of $1.23 surpassed the forecast of $1.16. Revenue slightly exceeded expectations at $1.39 billion, compared to the $1.38 billion estimate. Despite surpassing expectations, the carrier faced a year-over-year revenue decline of 7.3% from $1.50 billion and a net income fall of 18.5% from $322.8 million in Q4 2023.
The quarterly performance reflects Old Dominion's robust operational management amid challenging market conditions.
Source: Old Dominion. Note: Analyst consensus estimates for the quarter provided by FactSet. YOY = Year over year. pps = Percentage points.
